China Fund Inc (CHN) Major Shareholder City Of London Investment Grou Buys 13,008 Shares

China Fund Inc (NYSE:CHN) major shareholder City Of London Investment Grou purchased 13,008 shares of China Fund stock in a transaction on Tuesday, January 16th. The stock was bought at an average price of $23.06 per share, with a total value of $299,964.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, January 12th, City Of London Investment Grou purchased 4,225 shares of China Fund stock. The stock was bought at an average price of $22.85 per share, with a total value of $96,541.25.
  • On Tuesday, January 9th, City Of London Investment Grou purchased 1,900 shares of China Fund stock. The stock was bought at an average price of $22.46 per share, with a total value of $42,674.00.
  • On Friday, December 29th, City Of London Investment Grou purchased 12,733 shares of China Fund stock. The stock was bought at an average price of $21.53 per share, with a total value of $274,141.49.
  • On Wednesday, December 27th, City Of London Investment Grou purchased 8,512 shares of China Fund stock. The stock was bought at an average price of $21.12 per share, with a total value of $179,773.44.
  • On Thursday, December 21st, City Of London Investment Grou purchased 6,622 shares of China Fund stock. The stock was bought at an average price of $21.01 per share, with a total value of $139,128.22.
  • On Monday, December 18th, City Of London Investment Grou purchased 12,794 shares of China Fund stock. The stock was bought at an average price of $20.86 per share, with a total value of $266,882.84.
  • On Monday, December 11th, City Of London Investment Grou purchased 2,152 shares of China Fund stock. The stock was bought at an average price of $21.46 per share, with a total value of $46,181.92.
  • On Friday, December 8th, City Of London Investment Grou purchased 1,000 shares of China Fund stock. The stock was bought at an average price of $21.18 per share, with a total value of $21,180.00.
  • On Wednesday, December 6th, City Of London Investment Grou purchased 7,740 shares of China Fund stock. The stock was bought at an average price of $20.75 per share, with a total value of $160,605.00.
  • On Monday, December 4th, City Of London Investment Grou purchased 3,534 shares of China Fund stock. The stock was bought at an average price of $21.41 per share, with a total value of $75,662.94.

Shares of China Fund Inc (CHN) opened at $23.32 on Thursday. The company has a market cap of $366.65, a price-to-earnings ratio of 4.66 and a beta of 0.95. China Fund Inc has a twelve month low of $15.37 and a twelve month high of $23.35.

The business also recently declared an annual dividend, which was paid on Thursday, January 4th. Shareholders of record on Tuesday, December 19th were issued a $0.549 dividend. This represents a yield of 2.56%. The ex-dividend date was Monday, December 18th.

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in China Fund by 281.6% in the second quarter. Royal Bank of Canada now owns 9,300 shares of the investment management company’s stock worth $174,000 after purchasing an additional 6,863 shares during the period. Karpus Management Inc. grew its holdings in China Fund by 8.6% in the third quarter. Karpus Management Inc. now owns 270,174 shares of the investment management company’s stock worth $5,498,000 after purchasing an additional 21,421 shares during the period. Wells Fargo & Company MN lifted its stake in shares of China Fund by 4.3% in the third quarter. Wells Fargo & Company MN now owns 1,052,033 shares of the investment management company’s stock valued at $21,409,000 after buying an additional 43,169 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its stake in shares of China Fund by 3.2% in the second quarter. City of London Investment Management Co. Ltd. now owns 3,909,903 shares of the investment management company’s stock valued at $73,076,000 after buying an additional 121,392 shares in the last quarter.

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China Fund Company Profile

The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.

Insider Buying and Selling by Quarter for China Fund (NYSE:CHN)

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